Deductions against professional fees

  Written by Marc   Posted 28 August 2013

I have done private consulting for the last 5 months of the 2013 tax year. I have not been formally employed for this period. What can I deduct against professional fees earned? Home office? All travel to and from clients using vehicle cost tables? Cell Phone (ratio business/personal call accepted or actual business calls only)? Other?

Calculate tax payable for R145,000 taxable income

  Written by Marc   Posted 28 August 2013

How to calculate normal tax payable if the individual taxable income is R145,000?

Total rebate for persons 75 years and older

  Written by Marc   Posted 28 August 2013

What is the total rebate for persons who are 75 years or older ?

R501 balance due to you. What does this mean?

  Written by Marc   Posted 28 August 2013

If SARS says "amount balance R501 due to you", what does this mean?

I did not keep a vehicle logbook and now SARS wants more details

  Written by Marc   Posted 28 August 2013

I did not keep a log book but when I did efiling I said I do have one. Now Sars wants me to forward them more details, what do I do? I have a desk job and don't really travel.

Travel Claim against car not in my name

  Written by Marc   Posted 27 August 2013

Hi Tim

I get a travel allowance but the vehicle is not in my name, SARS have done an audit and now I need to submit the Purchase / lease contract in respect of motor vehicle(s) against which I claimed. Is this a problem, will I be penalised?

Earliest date of tax year

  Written by Marc   Posted 27 August 2013

What date do I put into my tax return where they ask for earliest date of tax year?

Can I submit my payslip as proof of overtime?

  Written by Marc   Posted 27 August 2013

My IRP5 doesn't have my overtime written on it. Can I provide my payslip as proof of the overtime?

How much tax rebate does an employer get if he's paying 50% of medical aid for his employees?

  Written by Marc   Posted 27 August 2013

Say a company has 100 employees and the employer turnover is over R20 million per annum, if employer is planning to contribute 50% in medical aid and retirement fund to his employees, how much of a tax deduction does the employer get?

I've not filed a tax return in years, what should I do?

  Written by Marc   Posted 27 August 2013

I've not filed a tax return for the last few years, though my company has been taking tax off my paycheck. What should I be worried about? What should I do?

Tax number for business

  Written by Marc   Posted 27 August 2013

I need a tax number please for my business.

Lump sum tax on backpay?

  Written by Marc   Posted 26 August 2013

Hi Tim

I am employed by the Department of Education. Last year (2012) the DOE did not pay my salary for 6 months (April - September), I then received the 6 months salaries in a lump sum in April 2013. I was therefore heavily taxed on the lump sum. When can I claim back that tax, with this year's tax return or next year?

Is the efilling training/workshop available?

  Written by Marc   Posted 26 August 2013

Is the efilling training/workshop available where I can attend and learn how to complete the efilling sheets?

Do you have to pay SA tax on joint pension of - R60,000 (R30k each)?

  Written by Marc   Posted 26 August 2013

My husband and myself receive a British pension each. Not a full pension, something like R60,000 a year between us. Do we have to pay south African tax on it?
Thanks
Molly

Hourly rate "net of tax". What does this mean?

  Written by Marc   Posted 26 August 2013

I am starting a new position with a multi-national US based company, and my letter of appointment lists my hourly rate as "net of tax". I am not sure what this means, and was hoping you would be able to shed some light. How are my tax implications affected? Do I need to register for provisional tax?

What is "taxable income" on my payslip?

  Written by Marc   Posted 26 August 2013

On my payslip there is a huge amount called taxable income, what is it?
Do I owe SARS or is it owing me?

How much does TaxTim cost if paying up front?

  Written by Marc   Posted 26 August 2013

I don't understand your pricing. How much do I pay if paying up front? I am a returning user

Does the receiver of a gift pay tax on the money?

  Written by Marc   Posted 26 August 2013

My Dad gave me R60 000 to pay for my studies at a university in the UK. Do I need to pay tax on this gift?

Tax nr

  Written by Marc   Posted 26 August 2013

Good day. Please I need my SARS nr.

Your source code is not on my IRP5

  Written by Marc   Posted 25 August 2013

The source code you ask for is not on my IRP5. I don't have 4003 or 4018.

When must I start paying tax with (Pty) Ltd and should my company be audited, if so when?

  Written by Marc   Posted 25 August 2013

Hi Tim,I've registered a (Pty) Ltd at CIPIC to act as a holding company to launch all my ideas through and operate from its bank account.I am confused however as to at what point I would have to pay tax with this business, i.e after how much income should I pay tax, at what amount?Also if and when my company would need to be audited, since it is a (Pty) Ltd but still pretty small?Thank you

I want to register and do the claim after I get my tax number

  Written by Marc   Posted 24 August 2013

Can I register and do the claim after I get the my tax number?

Are Directors entitled to also pay PAYE to SARS on their salaries/fees monthly?

  Written by Marc   Posted 24 August 2013

Are Directors entitled to also pay PAYE to SARS on their salaries/fees monthly?

Practitioner can't submit or search for ITR12 on efiling

  Written by Marc   Posted 24 August 2013

Hi, I registered as a tax practitioner on the SARS efiling website but now I can't access my clients, like I cant get into their files. I am stuck.

I am unable to pay with my cheque account: "Bank not supported"

  Written by Marc   Posted 23 August 2013

Why can't my cheque account pay for Tax Tim?
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